Realtors in Highlands NJ

Buyer Incentives for a Sluggish Market from Realtors in Highlands, NJ

Great ideas from Realtors in Highlands, NJ to close the deal

The current NJ Real Estate slowdown has created some of the most unusual buyer incentives ever seen in the industry, ranging from fully paid weekend getaways to brand new luxury cars. When it comes to incentives for buyers, though, the simple fact is that money talks. The current state of our nation's economy has forced home prices and mortgage interest rates down to the lowest in years, generating much interest in the buyer’s market, according to realtors in Highlands, NJ.

Following are 6 incentives for buyers that are proven to work in a slow market:

  1. Pay for closing costs

    Realtors in Highlands, NJ say picking up the tab for closing costs is especially beneficial for the first-time home buyer market as they are additional costs to the amount they have financed for the home. This thought is beneficial in the way that it eliminates 30-years worth of interest on those few thousand dollars.

  2. Offer down payment assistance

    Contribute to the buyer’s down payment amount by taking what you would have spent on an incentive and offering it as down payment assistance. When you consider that a higher down payment can result in a lower interest rate, a contribution to the down payment is a powerful incentive, according to realtors in Highlands, NJ.

  3. Pay for a few months of homeowners insurance

    Most insurance companies will often offer a discount for premiums paid in advance, providing the purchaser with a better deal and money saved. This essentially means extra cash in those first few months when first-time buyers will be settling in and need it most.

  4. Pay for a home fixtures/appliance warranty for a year

    Realtors in Highlands, NJ recommend this as it will bring much-needed peace of mind to home purchasers already paying insurance costs as well as maintenance costs.

  5. Offer relocation assistance

    Moving costs are yet another expense where most new home buyers will appreciate assistance. Relocation assistance can provide buyers with needed information such as quotes for movers and supplies.

  6. Offer to pick up the tab for the movers

    Sometimes overlooked, the cost of movers and related moving expenses can easily add up into the thousands of dollars range. By proposing to incur any moving costs yourself, you are offering a great incentive for purchasers in this market, according to realtors in Highlands, NJ.

 

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